Housebuilder offers ‘golden opportunity’ for first-time buyers

A housebuilder is giving first-time buyers the chance to snap up properties for a fraction of the price thanks to its ‘Golden Share’ initiative.

Working with the City of Edinburgh Council, CALA Homes (East) has launched a phase of affordable properties that give house hunters and first-time buyers the perfect opportunity to purchase a home in the suburb of Balerno.

With a capped asking price, ‘Golden Share’ properties are sold at a more manageable price to buyers, who still own 100% of the property but pay only 80% of its market value. The property will then be sold at this rate for any subsequent resales.

Philip Hogg, sales and marketing director at CALA Homes (East), said: “The opportunity of ‘Golden Share’ is really too good to miss as it gives first time buyers, or those looking to move further up the property ladder, the chance to secure their dream home at a lower price.

“We’re especially proud of the initiatives at Kingfisher Park and Ravelrig Heights, which have proven to be two of our most successful and celebrated developments in the east of Scotland.

“What is important is that the ‘Golden Share’ homes are truly integrated in the development and are the same bespoke style.

“Following our recent award wins, we can confidently say that our properties are the perfect fit for families with innovative space saving ideas, finished to CALA’s consistently high standards.”

Share icon
Share this article: